Is dividend distributed profit?
The Dividend Distribution Tax, or DDT, is taxable at source, and is deducted at the time of the company distributing dividends. The dividend is the part o...
Category: General
When you are medically discharged from the Army?
A Medical Discharge may be given to service members who become sick or injured to the point where military duty is no longer possible based on a medical e...
Is Seattle good for business?
A new report released Friday ranks Seattle as the best city in the nation for business and careers in 2018. The report, by Forbes business magazine, ranke...
When to ask for an installment payment plan from the IRS?
Do Not Sell My Personal Information The most widely used method for paying an old IRS debt is the monthly installment agreement, or IA. If you owe $50,000...
What is tax postmark date?
April 15 When Should My Payment Be Postmarked? You should mail your tax payment by midnight of the tax deadline date. Most years, that date is April 15. I...
Are cosmetologist self-employed?
Are Hair Stylists Independent Contractors? If you work from home or own your own salon, you’re definitely a self-employed independent contractor. Can I fi...
What happens if you make an error on a 1099 form?
An incorrect name or address or an incorrect originally submitted form (if it was a 1099-MISC form when it should’ve been a 1099-DIV form, for instance) a...
Can a LLC issue shares in a business?
No. Only businesses structured as a corporation issue shares. With a limited liability company, ownership is expressed by percentage and membership units....
Can you report LLC income on Schedule C?
The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a ret...
Are CalSTRS payments taxed?
Under federal and California law, CalSTRS will withhold income tax from the taxable portion of your benefit unless you choose not to have taxes withheld. ...
